Israel could buy Palestinian gas

**Ironduke** · 05-23-2007, 19:43 PM

An interesting economic development:

Quote:

Israel could buy Palestinian gas

UK energy firm BG Group has confirmed it is in talks to agree a contract to supply Palestinian gas to Israel.

BG discovered the Gaza Marine field, which is controlled by the Palestinian Authority, off the coast of the Gaza Strip in 2000.

Any deal would represent a landmark in Middle Eastern relations, but BG said it would first require agreement between both governments.

Israel has previously vowed never to buy gas from its neighbour.

Lengthy negotiations

"We have been in negotiation with Israel for many, many months," said a BG spokeswoman.

"Most importantly, we need a bilateral agreement between both governments to get the go-ahead on this. We are working on that."

BG, previously part of British Gas, is seeking a 15-year contract.

According to press reports, BG is hoping to sign a $4bn (£2bn) deal that would see the Palestinian Authority receive $1bn in royalties.

Under the proposals, BG would transport gas from the Gaza Marine field through an undersea pipeline to the Israeli port of Ashkelon.

The field contains one trillion cubic feet of gas, and could reportedly supply 10% of Israel's annual needs.

If the project gets the go-ahead it would be a major boost to the economies in the Palestinian controlled territories.

Ongoing violence, especially in the Gaza Strip, has seen much economic activity grind to a halt, leaving the territories heavily reliant upon financial aid from overseas.

Source: BBC NEWS | Business | Israel could buy Palestinian gas

Ray · 05-25-2007, 13:55 PM

Economic enhancement will be a good thing for Palestine.

But given the weird psychology that governs them, buying their gas would only allow them to buy more sophisticated weapons from Europe's arms grey market.

Thereby, Israel would be arming them to create more havoc and mayhem.

Ya2 · 05-25-2007, 20:12 PM

food for gas

Ray · 05-26-2007, 01:27 AM

Valid.

Stan187 · 05-26-2007, 05:05 AM

Quote:

Originally Posted by Ray

But given the weird psychology that governs them, buying their gas would only allow them to buy more sophisticated weapons from Europe's arms grey market.

Quoted for truth.

05-25-2007, 13:55 PM	#2 (permalink)
Ray Postmaster General *Military Professional* Join Date: 08-20-03 Posts: 25,693 Country:	Economic enhancement will be a good thing for Palestine. But given the weird psychology that governs them, buying their gas would only allow them to buy more sophisticated weapons from Europe's arms grey market. Thereby, Israel would be arming them to create more havoc and mayhem. __________________ "Some have learnt many Tricks of sly Evasion, Instead of Truth they use Equivocation, And eke it out with mental Reservation, Which is to good Men an Abomination." I don't have to attend every argument I'm invited to. HAKUNA MATATA

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05-25-2007, 20:12 PM	#3 (permalink)
Ya2 New Member Join Date: 05-06-07 Posts: 7	food for gas

05-26-2007, 01:27 AM	#4 (permalink)
Ray Postmaster General *Military Professional* Join Date: 08-20-03 Posts: 25,693 Country:	Valid.

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